Representative example:

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

Rates may differ as they are dependent on individual circumstances. Subject to status.

We have access to a wide panel of lenders that offer a range of financing options to suit your financial and credit circumstances.

If you’ve ever been turned down for credit, it’s natural to question ‘Why?’. Maybe you think you’re on a ‘credit blacklist’ and you’ll never get approved.

In fact, the ‘credit blacklist’ is a myth. Better still, just because you’ve been refused in the past, it doesn’t mean you won’t qualify for an affordable credit agreement now or in the future.

Whether or not you get an approval for finance is often a matter of individual lender’s policies. Here are a few common reasons for refusals:

Your credit report shows you already have a number of loans, and the lender is concerned you might not be able to afford another

You may not fit the lender’s profile – e.g. a credit card provider may only issue cards to people with fewer than three existing cards, or a mortgage lender might only specialise in first time buyers

You have ‘bad credit’ – the reason may be due to you being self-employed (perhaps down to you not being able to show proof of income), an outstanding CCJ, loan defaults, being in arrears or having your home repossessed for non-payment of the mortgage

You move around – many lenders prefer people who have lived in the same location for three years or more, or who can show a long term relationship with the same bank

You have a low credit score – lenders will give you a decision based on things like your credit history, the specific details on your application form and any details they may have if you’re already a customer

It’s important to understand your credit profile and the information that is on there. Accessing your credit profile allows you to see what behaviour is negatively or positively impacting your score, as well as being able to notice any mistakes on there and raising this if necessary.

Your credit score can and will change over time. However, as we work with a large panel of lenders, we can find the most suitable finance option for your individual circumstances. It isn’t necessarily an issue if you’ve been refused elsewhere, with many of our lenders being able to help customers in such situations.

Representative example:

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

Rates may differ as they are dependent on individual circumstances. Subject to status.

We have access to a wide panel of lenders that offer a range of financing options to suit your financial and credit circumstances.

If you have poor or bad credit, or you have been refused a loan elsewhere, the good news is that we still may be able to help. In fact, a number of our lenders specialise in helping those with bad credit obtain... read more

At CarFinance 247, if your finance application is approved, you are free to choose a vehicle from any reputable UK dealership. This means you have plenty of choice and gives you the freedom to find the perfect vehicle... read more

These customers are real CarFinance 247 customers. They were invited to become a celebrity for a day, taking part in photoshoots and telling us all about their CarFinance 247 experience, and they were paid for doing so.

Representative example:

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

Rates may differ as they are dependent on individual circumstances. Subject to status.

We have access to a wide panel of lenders that offer a range of financing options to suit your financial and credit circumstances.

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* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 108,204 to CarFinance 247 vs. 63,343 for nearest competitor. January 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited, a credit broker and insurance intermediary, and 247 Money Group Limited (247 Money), a lender. Both companies are part of the 247 group of companies.

All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.

† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your customer service specialist can provide more information on this

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